Property briefs

Stockland
has sold a site at South Yarra in Melbourne for $22.5 million to private developer Little Projects. The site, at 2-4 Yarra Street, is about 2150 square metres and has development approval for 353 residential apartments. Settlement has been deferred until 2012-2013. The sale is part of Stockland’s “3R" strategy – focusing on residential communities, retail development and retirement living. Little Projects has developments in South Yarra, St Kilda, Port Melbourne, Brunswick and Hawthorn. The purchase takes its portfolio to 1500 existing and proposed apartments valued at about $950 million.Nick Lenaghan

Hedge fund investors in the ASX-listed US mall owner
EDT Retail Trust
have called on the fund’s manager and majority stakeholder, EPN, to call a meeting so unit holders can vote on a proposal to liquidate the trust. It follows EPN’s decision to lift its takeover bid for the remaining 52 per cent it does not already own in EDT to $220 million, or 9¢ a security, from $190 million, or 7.8¢ a unit.

Gretchen Friemann

The Cairns cruise port terminal, designed by Arkhefield and Total Projects Group Architects, has won the top prize in the far north Queensland regional architecture awards. Jury chairman Malcolm Middleton said the heritage-listed waterfront shed had been “recovered and repositioned as a city asset of substance" and was “an important addition to the urban, cultural and commercial mix of the Cairns CBD".Robert Harley